Bitcoin faced a notable correction today, slipping 4.6% to an intraday low of $92,584 from its earlier high of $99,500, wiping out $118 million in long positions. Despite the turbulence, institutional interest in Bitcoin remains unwavering. Spot Bitcoin ETFs shattered records with $3.12 billion in weekly inflows, according to CoinShares, while MicroStrategy made headlines by adding 55,000 BTC to its holdings, now totaling a staggering 386,700 BTC acquired for $5.4 billion.
Interestingly, as Bitcoin pulled back, altcoins showed surprising strength, with swift dip-buying underscoring growing investor interest and a potential shift in focus toward alternative assets.
